Rodrigo Diaz

13 Flips | 2 Magazines | 8 Following | 2 Followers | @rdrigodiaz |

Everyone's got it backward — market chaos is EXACTLY why the Fed needs to launch in September

Amid the recent sell-off in US markets, conventional wisdom has coalesced around the idea that the Federal Reserve's plan to raise interest rates will now have to be put on hold.<p>Certainly past September, but perhaps indefinitely.<p>But in a note to clients after the market close on Tuesday, Tchir …

Tsipras meets Merkel today to discuss 'the beginning of the end'

The mooted meeting with the German chancellor comes with cash-strapped Greece having submitted new proposals to end a standoff with the EU and IMF, which have demanded tough reforms in exchange for giving Athens the final 7.2 billion euros ($8.1 billion) of its bailout funds.<p>The international …

Opinion: Get ready for a 4,000-point Dow drop

The stock market has an empirical rule: interest rates lead stocks. And the current interest rate environment is pointing to a massive decline for …

These are books Wall Street's smartest people think you should read this summer

We've compiled their suggestions here in a list surprisingly diverse in genre, topic, time period, and style. Together, they form a comprehensive picture of Wall Street's in and outs, and deepen the reader's understanding of forces driving the market.<p>So crack one open. It'll help you get through …

Whiskey essentials that everyone should have in their home bar

Just imagine those rich dried fruits and sherry flavors balanced with wood smoke and spice.<p>Divine.<p>But if you want to enjoy the flavors of the drink, you're going to need the right things in your home bar.<p>Because when it comes to alcohol, the wrong glassware can completely ruin the taste.<p>We've put …

Higher Interest Rates Are Coming. Here’s Who Wins and Who Loses

Hint: It depends on who you are.<p>Federal Reserve chair Janet Yellen has signaled, by omitting the word “patient” from her latest statement, that the …

10 things you need to know in markets today

<b>The Fed lost patience.</b> The Fed dropped "patient" from its Federal Open Market Committee (FOMC) statement after the two-day meeting ended on Wednesday. Analysts were looking for that to signal a June or September rate hike.<p><b>But the dollar got crushed.</b> The Fed noted the decline in recent economic data …

30 Years Ago Warren Buffett Gave Away The Secret To Good Investing And Correctly Predicted No One Would Listen

In a speech at Columbia Business School, later adapted into an essay, Buffett introduced what he called, "The Superinvestors of Graham-and-Doddsville."<p>Buffett writes:<p><b>"The common intellectual theme of the investors from Graham-and-Doddsville is this: they search for discrepancies between the value</b> …

The 'smart money' is investing in oil now

Like shoppers on Black Friday, Wall Street titans have a keen smell for deep discounts. At the moment, they're sniffing in oil fields.<p>Many parts of the U.S. stock market look expensive these days, but prices have fallen dramatically in the energy sector from over $100 a barrel in the summer to …

Oil & Gas Industry

Texting this phone number will get you 'anything you want as long as it's not illegal'

What if you could text a number and get anything you want?<p>That's the ambitious goal of a new startup called Magic, a text-messaging-based concierge service that promises to pull strings, place orders, and schedule deliveries all so you don't have to.<p>Magic doesn't have a dedicated app. It instead …